Question

Find the total amount of interest earned on this savings account.

Answer 1

Answer:

B

Step-by-step explanation:

797.30

Answer 2

Answer:

$ 797.30

Step-by-step explanation:

Given in question

Principal =$4,556

Rate of interest = 2.5%

Time period = 7 years

Now we calculate the interest as Simple interest (SI) method

SI = $\frac{(principal * Rate * Time)}{100}$

SI = $\frac{(4,556 * 2.5 * 7)}{100}$

SI = $\frac{79730}{100}$

So , SI = $ 797.30               Answer